Increase In Ootsa Measured And Indicated Resources

VANCOUVER - Surge Copper Corp. reported on the mineral resource estimate (MRE) for its Ootsa Property, comprising pit constrained resources at both the Seel and Ox deposits. This updated MRE is based on a drill hole database comprising approximately 152,000 meters of diamond drilling, including approximately 50,000 meters drilled since 2018. The MRE combines multiple mineralized zones at the Seel deposit area into a single pit constrained volume and demonstrates both the overall size of the mineral endowment at Ootsa, as well as the presence of near-surface, higher-grade subsets of the resource which could be evaluated in future studies as potential starter pits.

Leif Nilsson, Chief Executive Officer, said, "Our objective with the drill campaigns in 2020-2021, and this resource estimate, were to determine the characteristics of a "super-pit" resource at Ootsa that would encompass various zones at Seel including the large mineralized zone at West Seel, the near-surface gold-rich zone at East Seel, and the high-grade Breccia Zone. This result demonstrates the significant overall size of the Seel system and the flexibility represented by the near-surface higher-grade zones, including the Breccia Zone which has seen an approximate quadrupling in size and remains open for further expansion. In a world that is starved of developable large-scale copper resources in safe jurisdictions, the Ootsa-Berg district is special due to its significant size potential and proximity to world-class mining infrastructure. With recent resource updates at both Ootsa and Berg now in place, and a 22,000 meter regional exploration program underway, we believe there is strong potential to drive value through discovery and continue to advance this premier Canadian copper district."

The Company is pleased with the significant gains achieved on the Ootsa Property over the past two years of focused exploration. This resource update has resulted in a 96% increase, compared to the previous 2016 estimate, in the M+I categories on the Ootsa Property and provides a solid foundation for advancing the project.

Next steps at Ootsa involve ongoing advanced metallurgical testwork, long lead-time environmental baseline monitoring programs, internal engineering trade-off studies focused on district-wide infrastructure options, and ongoing exploration. One drill is actively turning at the West Ox target on the Ootsa Property, and one additional drill is expected to arrive late this month, before remobilizing to test targets in the northern portion of the district.